Financial News, Lifestyle

Baba Ka Dhaba: 80-year-old Kanta Prasad back to ‘dhaba’ as restaurant business fails, has planned his retirement

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Kanta PrasadThe Delhi resident additionally stated that he has deliberate his retirement and has saved 20 lakh for that goal. (Picture Supply: ANI)

Lower than a yr after Kanta Prasad was showered with financial assist following a video about his grim monetary situation went viral on the web, he’s again to his roadside eatery. 80-year-old Prasad had an unsuccessful stint as a restauranteur. In response to Prasad, he suffered losses within the restaurant enterprise as he spent Rs 1 lakh to run the restaurant and handle to earn simply Rs 30,000. The octogenarian stated that he has as soon as once more began the previous roadside ‘dabha’ as a result of he will get good buyer footfall.

“On an funding of Rs 1 lakh, we solely earned Rs 35,000, that’s why we shut it. I’m blissful to run my previous eatery as buyer footfall is sweet right here,” Prasad was quoted as saying by information company ANI.

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The Delhi resident additionally stated that he has deliberate his retirement and has saved 20 lakh for that goal. “I’ll run this dhaba until I’m alive. The day enterprise sees a droop, I’ll shut it. Now we have saved Rs 20 lakhs for me & my spouse from the cash we have been donated final yr,” he added.

In response to Prasad, the restaurant witnessed good footfall at first however clients stopped coming quickly after and bills exceeded greater than the revenue. When requested about why he began the restaurant, Prasad stated that he was inspired concerning the thought by some social staff together with Tushant Adlakha.

“The social staff got here and did every little thing. They solely arrange the restaurant. I didn’t know or perceive what they have been doing,” he was quoted as saying by PTI. Nevertheless, Adlakha stated it was Prasad’s thought and he solely helped in it.

Prasad shot to fame final yr after a video displaying him crying about monetary woes went viral. He had acquired overwhelming assist from individuals and acquired monetary assist of round Rs 42 lakh.

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